OpenAI raises $1.5 billion from SoftBank
- November 27, 2024
- 0
SoftBank has invested $1.5 billion in OpenAI. This allows the company to maintain its leading role in the world of AI. OpenAI has raised $1.5 billion in a
SoftBank has invested $1.5 billion in OpenAI. This allows the company to maintain its leading role in the world of AI.
OpenAI has raised $1.5 billion in a new investment round from Japan’s SoftBank, among others, reports the Financial Times. The investment strengthens OpenAI’s financial position and provides room for further growth and innovation in the AI ​​market.
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SoftBank is the most notable new investor in this round, with OpenAI once again gaining the trust of major players in the technology world. The resources will be used to expand the company’s technological capabilities and enable new AI developments.
In addition, OpenAI announces that employees will have the opportunity to sell their shares and thus benefit from the increasing value of the company. The aim of this initiative is to increase employee engagement and satisfaction.
OpenAI is increasingly developing from a non-profit organization to a commercial company. The investment fits into this strategy and comes at a time when competition in the AI ​​space is increasing.
Source: IT Daily
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